MetLife Investment Management LLC Grows Stock Holdings in RH $RH

Key Points

• MetLife Investment Management LLC significantly increased its holdings in RH by 545.4% in the first quarter, acquiring 55,290 shares valued at approximately $12.96 million.
• RH reported earnings of $0.13 per share for the most recent quarter, beating analyst estimates, and experienced a 12% increase in revenue compared to the previous year.
• Institutional investors now own 90.17% of RH stock, reflecting strong interest and investment in the company from financial institutions.

MetLife Investment Management LLC lifted its stake in shares of RH (NYSE:RH - Free Report) by 545.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,290 shares of the company's stock after buying an additional 46,723 shares during the period. MetLife Investment Management LLC owned about 0.30% of RH worth $12,961,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Jump Financial LLC increased its position in shares of RH by 7,670.1% during the first quarter. Jump Financial LLC now owns 44,911 shares of the company's stock valued at $10,528,000 after acquiring an additional 44,333 shares during the last quarter. BlackBarn Capital Partners LP purchased a new stake in RH in the 1st quarter worth about $7,032,000. AlphaQuest LLC purchased a new stake in RH in the 1st quarter worth about $29,000. D.B. Root & Company LLC increased its holdings in RH by 12.6% in the 1st quarter. D.B. Root & Company LLC now owns 8,859 shares of the company's stock worth $2,077,000 after acquiring an additional 993 shares during the last quarter. Finally, Level Four Advisory Services LLC grew its stake in RH by 17.1% in the 1st quarter. Level Four Advisory Services LLC now owns 21,142 shares of the company's stock valued at $4,956,000 after buying an additional 3,095 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

RH Trading Down 1.7%

RH stock traded down $3.78 during midday trading on Friday, hitting $225.44. The company had a trading volume of 583,192 shares, compared to its average volume of 1,300,987. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 53.68, a PEG ratio of 0.66 and a beta of 2.16. RH has a 52 week low of $123.03 and a 52 week high of $457.26. The stock's 50 day moving average price is $210.55 and its 200 day moving average price is $219.80.

RH (NYSE:RH - Get Free Report) last announced its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.20. The firm had revenue of $813.95 million during the quarter, compared to analyst estimates of $817.66 million. RH had a negative return on equity of 67.71% and a net margin of 2.57%.The business's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.40) EPS. RH has set its Q2 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts predict that RH will post 4.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RH. Bank of America upped their target price on shares of RH from $144.00 to $172.00 and gave the stock an "underperform" rating in a report on Wednesday, May 14th. Guggenheim reaffirmed a "buy" rating and set a $300.00 target price on shares of RH in a report on Wednesday, July 2nd. Telsey Advisory Group decreased their target price on shares of RH from $280.00 to $255.00 and set an "outperform" rating on the stock in a report on Monday, June 9th. Wells Fargo & Company set a $275.00 target price on shares of RH in a report on Friday, June 13th. Finally, UBS Group decreased their target price on shares of RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a report on Thursday, June 5th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $270.35.

RH Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.